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Axxis Geo Solutions

Executive Summary

Axxis Geo Solutions ASA operates as an ocean bottom node seismic company.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Axxis Geo Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-20.0%

AGS

3.8%

NO Energy Services

1.7%

NO Market


1 Year Return

-95.9%

AGS

-39.3%

NO Energy Services

-8.0%

NO Market

Return vs Industry: AGS underperformed the Norwegian Energy Services industry which returned -44.2% over the past year.

Return vs Market: AGS underperformed the Norwegian Market which returned -10.4% over the past year.


Shareholder returns

AGSIndustryMarket
7 Day-20.0%3.8%1.7%
30 Day2.6%8.0%5.2%
90 Day53.8%19.3%10.5%
1 Year-95.9%-95.9%-37.7%-39.3%-5.2%-8.0%
3 Yearn/a-49.3%-52.4%12.9%0.6%
5 Yearn/a-31.9%-56.4%41.8%12.7%

Price Volatility Vs. Market

How volatile is Axxis Geo Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Axxis Geo Solutions undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGS (NOK0.8) is trading below our estimate of fair value (NOK29.29)

Significantly Below Fair Value: AGS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AGS is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

PE vs Market: AGS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AGS is overvalued based on its PB Ratio (2.3x) compared to the NO Energy Services industry average (0.4x).


Next Steps

Future Growth

How is Axxis Geo Solutions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

78.5%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Axxis Geo Solutions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Axxis Geo Solutions performed over the past 5 years?

-66.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGS is currently unprofitable.

Growing Profit Margin: AGS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGS is unprofitable, and losses have increased over the past 5 years at a rate of 66.1% per year.

Accelerating Growth: Unable to compare AGS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AGS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (11.1%).


Return on Equity

High ROE: AGS has a negative Return on Equity (-1253.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is Axxis Geo Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: AGS's short term assets ($36.4M) do not cover its short term liabilities ($97.5M).

Long Term Liabilities: AGS's short term assets ($36.4M) exceed its long term liabilities ($14.0K).


Debt to Equity History and Analysis

Debt Level: AGS's debt to equity ratio (75.1%) is considered high.

Reducing Debt: Insufficient data to determine if AGS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AGS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AGS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Axxis Geo Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AGS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AGS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AGS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AGS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average board tenure


CEO

Lee Parker (51 yo)

no data

Tenure

Mr. Lee Parker is President and Chief Executive Officer of Axxis Geo Solutions AS. Mr. Parker served as an Executive Vice President of Operations of Geokinetics Inc. since March 01, 2009. Mr. Parker served ...


Board Members

NamePositionTenureCompensationOwnership
Christian Huseby
Chair of the Board0.58yrno datano data
Njål Sævik
Director3.17yrsno datano data
Eirin Inderberg
Director1.08yrsno datano data
Nina Skage
Director1.08yrsno datano data
Vibeke Fængsrud
Director1.08yrsno datano data

1.1yrs

Average Tenure

51.5yo

Average Age

Experienced Board: AGS's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 176%.


Top Shareholders

Company Information

Axxis Geo Solutions ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axxis Geo Solutions ASA
  • Ticker: AGS
  • Exchange: OB
  • Founded: 2006
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr47.057m
  • Shares outstanding: 58.82m
  • Website: https://www.axxisgeo.com

Number of Employees


Location

  • Axxis Geo Solutions ASA
  • Strandveien 50
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGSOB (Oslo Bors)YesShare CapitalNONOKMay 2018
S5BDB (Deutsche Boerse AG)YesShare CapitalDEEURMay 2018

Biography

Axxis Geo Solutions ASA operates as an ocean bottom node seismic company. The company delivers tailored seismic solutions; and provides flexible project management and execution services to oil and gas com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 22:04
End of Day Share Price2020/08/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.